Banking Circle vs Nuvei — fees, markets, methods

Banking Circle and Nuvei at a glance

	Banking Circle	Nuvei
Type	Provider	Provider
Headquarters	Luxembourg	Canada
Founded	2013	2003
Part of	EQT (EQT VIII and EQT Ventures funds)	Advent International
Countries covered	8	73
Payment methods	10	290
Currencies	23 — AED, AUD, CAD, CHF, CZK, DKK…	116 — AED, ALL, AMD, ANG, ARS, AUD…
Pricing	On request	On request
Settlement	Real-time on instant rails (SEPA Instant, Faster Payments, NPP); RTGS same day; SWIFT for other currencies
Regulators	Commission de Surveillance du Secteur Financier (CSSF), Prudential Regulation Authority / Financial Conduct Authority, Danish Financial Supervisory Authority (Finanstilsynet), BaFin, Finansinspektionen, Finanstilsynet (Norway), Finanzmarktaufsicht Liechtenstein (FMA), Australian Prudential Regulation Authority	Financial Conduct Authority (FCA), Central Bank of Cyprus, De Nederlandsche Bank (DNB), Bank of Lithuania, Monetary Authority of Singapore (MAS), FinCEN, US state banking regulators (via NMLS), FINTRAC, Comisión Nacional Bancaria y de Valores (CNBV) / Banco de México, Australian Securities and Investments Commission (ASIC), Registrar of Financial Service Providers, Ministry of Economy, Trade and Industry (Kanto Bureau), Banco Central de la República Argentina (BCRA)
Categories	Bank Transfer, Banking, Cross Border, IBAN Issuance	ACH, BNPL, Bank Transfer, Banking, Card Issuance, Cards, Cash, Cross Border, Crypto, Direct Debit, Gateway, IBAN Issuance, Mobile / USSD, On / Off Ramp, Open Banking, POS, Voucher
Industries	Crypto, Fintech, Marketplace	Crypto, Fintech, Gaming, Marketplace, Retail, SaaS, Travel, eCommerce, iGaming

Countries

8 in common · 0 only Banking Circle · 65 only Nuvei

Only Banking Circle

None — Nuvei covers every country Banking Circle does.

Only Nuvei

Payment methods

5 in common · 5 only Banking Circle · 285 only Nuvei

Offered by both

Faster Payments NPP (New Payments Platform)SEPA SEPA Direct Debit SEPA Instant

Frequently asked questions

What is the difference between Banking Circle and Nuvei?

Banking Circle covers 8 countries and Nuvei covers 73; they overlap in 8, with 0 served only by Banking Circle and 65 only by Nuvei. Banking Circle supports 10 payment methods and Nuvei 290, 5 of them in common. Neither publishes standard pricing — both quote fees per merchant.

Which covers more countries, Banking Circle or Nuvei?

Nuvei has more: Banking Circle covers 8 countries and Nuvei covers 73. Only Nuvei serves Argentina, Austria, Belgium, Brazil, Bulgaria, Burkina Faso and 59 more.

Does Banking Circle or Nuvei support more payment methods?

Nuvei has more: 10 for Banking Circle against 290 for Nuvei, with 5 in common. Only Banking Circle offers BECS Direct Debit, CHAPS, SWIFT, TARGET2 and Virtual IBAN. Only Nuvei offers 7-Eleven, ACH, APAC Bank Transfer, AU Pay, Abitab, Abon and 279 more.

Is Banking Circle cheaper than Nuvei?

Banking Circle quotes fees per merchant. Nuvei quotes fees per merchant. Which is cheaper depends on your payment methods, countries, volumes and risk profile, so compare quotes from both for your own mix.

Can you use Banking Circle and Nuvei together?

Yes. Many merchants use more than one payment provider — to cover countries or payment methods only one of them offers, or as a backup if one has an outage. A payment orchestration platform can route each payment to whichever provider suits it best.

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